Are you a First Time buyer looking for a mortgage. Due to the credit crunch it is harder now to find a mortgage. Last year you could borrow over 100% of the purchase price of a property to help you with legal fees, stamp duty and maybe extra money for furniture etc. Unfortunately those days are gone and now you will probably need a deposit. If you don not have a deposit you could also consider shared ownership property to get you on the property ladder.
Below is a list giving you some idea of the deposit needed with some lenders for your first mortgage.
100% Mortgages are still available with Bristol and West and Bank of Ireland
95% Mortgages. Bristol and West, Bank Of Ireland, Bank Of Scotland, Coventry Bs and Halifax
The above at the time of writing still have the deals available to first time buyers but there lending criteria varies and it would be worth talking to a Mortgage Broker to see if you qualify for a mortgage with any of them.
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